Connecticut Capital Management Group LLC Buys New Position in Cboe Global Markets, Inc. $CBOE

Connecticut Capital Management Group LLC purchased a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,101 shares of the company’s stock, valued at approximately $527,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Cboe Global Markets by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after buying an additional 65,108 shares in the last quarter. Allstate Corp increased its position in shares of Cboe Global Markets by 113.4% in the fourth quarter. Allstate Corp now owns 8,034 shares of the company’s stock worth $2,017,000 after acquiring an additional 4,270 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of Cboe Global Markets by 2.7% during the fourth quarter. Clearstead Advisors LLC now owns 7,113 shares of the company’s stock valued at $1,785,000 after acquiring an additional 190 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Cboe Global Markets by 129.9% during the fourth quarter. Hantz Financial Services Inc. now owns 200 shares of the company’s stock valued at $50,000 after acquiring an additional 113 shares during the period. Finally, Connors Investor Services Inc. purchased a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $733,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Cboe Global Markets Trading Down 1.9%

Shares of BATS:CBOE opened at $347.69 on Thursday. The firm has a fifty day moving average of $314.08 and a two-hundred day moving average of $283.86. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 12-month low of $218.14 and a 12-month high of $371.18. The firm has a market capitalization of $36.88 billion, a P/E ratio of 179.22 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same period in the previous year, the company posted $2.50 EPS. Cboe Global Markets’s revenue was up 29.0% on a year-over-year basis. On average, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analysts Set New Price Targets

Several research firms have weighed in on CBOE. UBS Group lifted their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Barclays raised their target price on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Piper Sandler upped their price target on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Argus raised Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Finally, Loop Capital set a $382.00 price objective on Cboe Global Markets in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.